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Nigeria’s pension fund assets hits N29.52trn — PenCom
National Pension Commission has disclosed that Nigeria’s pension fund assets increased by about N90 billion to N29.52 trillion as of February 2026, supported by gains in domestic equities and Federal Government securities despite tight liquidity conditions and ongoing portfolio rebalancing….
NGX RegCo recovers N500m in restitution for shareholders
Independent regulatory arm of the Nigerian Exchange Group, the NGX Regulation Limited (NGX RegCo) says it has successfully facilitated recoveries exceeding N500m for shareholders following the resolution of various complaints involving market operators. The independent regulatory arm of the Nigerian…
Lagos clears 14 firms to operate off-grid, metering electricity services
Lagos State Electricity Regulatory Commission (LASERC) has issued licenses and to a total of 14 companies to operate off-grid and embedded generation, independent distribution, metering, and interconnected mini-grid electricity services. According to LASERC, the licenses and permits which…
Nigeria’s connectivity gaps largely structural, as minister warns MNOs over poor service
Federal Government, through the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, has noted that the country’s connectivity gaps were largely structural, owing to years of neglect. This is even as the minister warned Mobile Network Operators…
Nigeria moves to establish national leasing company
Minister of Aviation and Aerospace Development, Mr Festus Keyamo has disclosed of plans by the federal government to establish a national leasing company to ease the acquisition of aircraft by the country’s domestic carriers. Mr Keyamo who announced this…
Africa Forward 2026 and the reordering of global power
[Sola Adebawo] When European leaders scrambled to rethink energy security after the Russia-Ukraine war, one reality became impossible to ignore: the global order many nations assumed was stable is no longer stable at all. The disruption of Russian gas supplies…
Nigeria unveils UNDP-backed mine-tech innovation hub to drive industrial growth
Victor Nze Nigeria has launched the Mine-Tech University Innovation Pod geared towards repositioning tertiary institutions to become drivers of industrial growth br transiting from raw minerals export to a mining economy. Also known as the Mine-Tech UniPod, the initiative located…
West African Development Bank gets own office
Victor Nze West African Development Bank (BOAD) has inaugurated the new premises of its resident mission in Dakar, Senegal, marking another step in strengthening its integration within the Senegalese economy and the UEMOA region. BOAD was previously located at the…
Botswana, Tanzania, Nigeria initiate retaliatory action against South Africa over worsening xenophobic attacks
Amid ongoing anti-immigration protests and violent xenophobic attacks against African migrants residing in South Africa, the governments of Tanzania, Botswana and Nigeria have initiated process of retaliatory action on South Africa and its businesses located in their countries. It…
Nigeria’s PMI drops in April
Nigeria’s economic activities shrunk to 49.4 points from its previous 50-point threshold, according to the Central Bank of Nigeria (CBN). The CBN which disclosed this in its newly-released Purchasing Managers’ Index (PMI) report for April 2026, noted that the…
